Usually a guaranteed payday loan will fund within 24 hours, which means that you can get the loan today, and get the money tomorrow. If you went into a payday loan store, you may be able to get the money on the spot. The time period for getting funded by a guaranteed online payday loan will be longer, since the transfer will have to be done through your banks, which may have time limitations.

Generally speaking, to qualify for guaranteed payday loans, you will need to have employment for at least three months, and a valid checking account. Usually the loan provider will direct deposit the funds in your account, and then withdraw the payments automatically. Usually with this type of loan, your credit will not be checked. Since the loaner will not be able to check your credit history, they will usually charge an interest rate that’s quite high.

Payday loans usually aren’t the best option for everyone, but can really help if you’re in a pinch and don’t have great credit. Use them with caution and you should be ok. If you need it, go ahead and get your guaranteed approval payday loan today.